RGT Bhd (XKLS:9954) Momentum Rank : 8 (As of Jun. 11, 2024)

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What is RGT Bhd Momentum Rank?

RGT Bhd has the Momentum Rank of 8.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of RGT Bhd's Momentum Rank

For the Specialty Chemicals subindustry, RGT Bhd's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

RGT Bhd's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, RGT Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where RGT Bhd's Momentum Rank falls into.

RGT Bhd Momentum Rank Related Terms

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RGT Bhd (XKLS:9954) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » RGT Bhd (XKLS:9954) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Perindustrian Bukit Minyak, No 1032, Plot 170 & 170A, Taman Perindustrian Bukit Minyak, MK13, Simpang Ampat, PNG, MYS, 14100

Website

https://rgtberhad.com

RGT Bhd is engaged in manufacture and sale of moulded plastic products. The company's products include air care products, surface care products, skin care products, and various hygiene products under Washroom Solutions; Medical Devices, Automotive Air Care and Blow Moulded Jerrycan. The company derives its revenue from the sale of moulded plastic products and operates in Malaysia, USA, Europe and Other countries.

RGT Bhd (XKLS:9954) Headlines

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